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    Property profile & analytics

    347 Pearl St Albany, NY 12202-1973

    • Investment properties
    • 4,800 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $215,000
    Location Intelligence
    Property ID
    US63-2605430
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Albany County Opportunity Inc / Social Services Organization
    • AVillage / Non-Profit Organization

    Property Details for 347 Pearl St

    Year built
    1940
    Lot size
    0.06 lot acres
    Property size
    4,800 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    010100 76.65-3-48
    APU
    101007665348

    Description

    This exceptional investment opportunity presents a mixed-use property located at 347 S Pearl Street in Albany, New York, 12202. The offering includes a street-level commercial space featuring newly installed luxury vinyl tile (LVT) flooring and a renovated bathroom. This space is currently vacant, presenting immediate potential for lease income. Above the street level are two to four bedroom apartments, each boasting renovated kitchens and bathrooms. These apartments currently generate a gross annual income of $16,500. The building is equipped with on-demand hot water and heat. Adding significant value to this offering are two vacant lots located at 74 and 76 Broad Street, included in the sale. The total asking price for this entire package is $179,000. The property is being sold "as is." The square footage of the building is not currently available. This presents a unique chance to acquire a multi-faceted property in a desirable Albany location with immediate income potential and significant upside through lease-up of the vacant commercial space and potential development of the vacant lots. This is an ideal opportunity for investors seeking a strong return on investment in a growing market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $240,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $290,000
      Mixed-Use
      $280,000
      Hospitality
      $220,000
      Educational
      $275,000
      Residential Income
      $245,000
      Energy
      $260,000
      Income-Based Land
      $285,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7581
    Latitude
    42.6401
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $28,700
    $306,000
    $334,700
    -
    $40,520
    $432,020
    $472,540

    Comparable in this City

    • Value Estimation by Request
      2,320 SF

      265 Pearl St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,320 SF
      265 Pearl St, Albany, NY 12202-1824
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    • Value Estimation by Request
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      395 Pearl St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
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      213 Pearl St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,704 SF
      213 Pearl St, Albany, NY 12202-2226
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      Pearl St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,296 SF
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      11 2nd Ave

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      1,498 SF

      107 Grn St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,498 SF
      107 Grn St, Albany, NY 12202-2001
      View Details

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    347 Pearl St
    Albany, NY 12202-1973
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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